Template:M summ 2018 CSD Access Condition: Difference between revisions
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{{icds}} in prime ocean-boiling mode. “{{imcsdprov|Access Condition}}s” are the subset of {{isdaprov|Termination Events}} that you want to permit a counterparty — be it a {{imcsdprov|Chargor}} or a {{imcsdprov|Secured Party}} — to intervene and claim its own {{imcsdprov|Posted Credit Support (IM)}}, where it is a {{imcsdprov|Chargor Rights Event}}, or a defaulting Counterparty’s {{imcsdprov|Posted Credit Support (IM)}}, where it is a {{imcsdprov|Secured Party Rights Event}}. For a reason knowable only to itself, {{icds}} thought you might like to select different {{isdaprov|Termination Event}}s, per counterparty. Of course, the same Termination Events — all of them — should apply for all three. We have an impassioned essay as to why at {{imcsdprov|Secured Party Rights Event}}. | {{icds}} in [[Access Condition - IM CSD Provision|prime ocean-boiling mode]]. “{{imcsdprov|Access Condition}}s” are the subset of {{isdaprov|Termination Events}} that you want to permit a counterparty — be it a {{imcsdprov|Chargor}} or a {{imcsdprov|Secured Party}} — to intervene and claim its own {{imcsdprov|Posted Credit Support (IM)}}, where it is a {{imcsdprov|Chargor Rights Event}}, or a defaulting Counterparty’s {{imcsdprov|Posted Credit Support (IM)}}, where it is a {{imcsdprov|Secured Party Rights Event}}. For a reason knowable only to itself, {{icds}} thought you might like to select different {{isdaprov|Termination Event}}s, per counterparty. Of course, the same Termination Events — all of them — should apply for all three. We have an impassioned essay as to why at {{imcsdprov|Secured Party Rights Event}}. | ||
Latest revision as of 15:07, 17 March 2022
ISDA’s crack drafting squad™ in prime ocean-boiling mode. “Access Conditions” are the subset of Termination Events that you want to permit a counterparty — be it a Chargor or a Secured Party — to intervene and claim its own Posted Credit Support (IM), where it is a Chargor Rights Event, or a defaulting Counterparty’s Posted Credit Support (IM), where it is a Secured Party Rights Event. For a reason knowable only to itself, ISDA’s crack drafting squad™ thought you might like to select different Termination Events, per counterparty. Of course, the same Termination Events — all of them — should apply for all three. We have an impassioned essay as to why at Secured Party Rights Event.